Sanctions on Iran trade will ease this year as the International Atomic Energy Agency has confirmed Iran is minding the terms of its deal to curb its nuclear development program. That deal is meant to close off “every single path Iran had to building a bomb,” as...
Congress Blinks, Repeals COOL
Faced with the threat of retaliatory tariffs from Canada and Mexico, Congress tucked a repeal of the mandatory country-of-origin labeling – or COOL – rules for meat that offended the NAFTA trade partners into the omnibus spending bill passed in the closing days of...
US Tariffs on Chinese Steel Near 500%
US tariffs on Chinese steel imports could near 500% with the Commerce Department International Trade Administration’s preliminary decision to slap anti-dumping duties of 256% on corrosion-resistant steel – this on top of countervailing duties of 236% imposed in...
US Drops Hint to UK: Better Not Brexit
The UK should expect the US to impose the same tariffs as now apply to China, Brazil and India, should it opt out of the European Union, Michael Froman, the US Trade Representative, told Reuters October 28. British voters will decide before the end of 2017 whether to...
Steelmakers Pushback against Low Price Imports
A trade complaint concerning hot-rolled steel filed with the Department of Commerce and US Trade Commission Tuesday is the latest move in a US steelmakers pushback against low price imports that “have been flooding our shores, substantially reducing selling prices,...
Pacific Alliance Trade Pact Enters into Force
The Pacific Alliance has reached a new milestone in its quest to eliminate barriers to the free flow of goods, capital and labor across the borders of the bloc’s four member nations (Chile, Colombia, Mexico and Peru) and so position itself as a hub for Asian-Latin...
US Shrimp Industry Losses due to BP, Not Unfair Trade
BP earlier this month agreed to pay $18.7 billion to settle all federal and state claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico ... and took a giant step toward wrapping up its losses from this disaster. Not so the Gulf’s seafood...
Are Conflict Minerals in Your Supply Chain?
The US government wants to know if there are conflict minerals in your supply chain. (And it’s not alone.) Under Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, publicly-held companies that make, or contract for the making of products...
Risky for Business: Trade Sanctions
by Peter Quinter, guest columnist It has been a year since President Obama issued Executive Order 13660, entitled “Blocking Property of Certain Persons Contributing to the Situation in Ukraine,” and opened an economic front in the international dispute with Russia...
US-India Trade Relations: “Forward Together”
Earlier today, US Trade Representative Michael Froman surveyed recent progress toward liberalizing trade achieved by India and the US in a speech to the Federation of Indian Chambers of Commerce and Industry. Froman is in New Delhi to co-chair with India’s Trade...